Here is your Halloween Spooky Market Update with Bloopers by Jessi Johnson!
The news is official and September just experienced the highest sales of any September, EVER. With mortgage qualifying rates at record lows, this continues to fuel the market. There was a 56% increase in sales in September 2020 vs 2019. Almost a 20% increase from August to September and sales were almost 45% higher than the 10-year average.
The Bank of Canada continues to keep rates at historical lows indicating mortgage rates will remain low until 2023! Are you kidding me? This is Halloween, not April Fools so what I am saying is true!
“Our main message today is that it will take quite some time for the economy to fully recover from the Covid-19 pandemic,” BoC Governor Tiff Macklem said during a press conference that followed the interest rate announcement. “The Bank of Canada will keep providing monetary stimulus to support the economy through the recovery.”
Much love,
Jessi Johnson
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